Barclays boss Bob Diamond was paid £6.3 million (€7.5 million) for 2011, including a bonus of £2.7 million, the British bank said yesterday.

However, the chief executive was only the third highest paid executive at the bank behind two other unnamed individuals, according to the banks latest annual report.

Mr Diamonds pay package included a bonus of £2.7 million. However, its highest paid executive received £6.7 million, while another unnamed banker was awarded £6.5 million in total.

Mr Diamond was paid £1.35 million salary, £2.7 million in a deferred share award bonus, and £2.25 million in long-term incentive awards, Barclays said. His total pay was down from £9 million in 2010.

Britain’s banks are under fire for failing to show restraint with pay for executives and top staff when thousands of jobs and wages are being cut.

Britain stripped the former head of Royal Bank of Scotland Fred Goodwin of his knighthood after he become a target of public fury in Britain for his role in the 2008 financial crash.